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City <br /> <br />TO: <br /> <br />FROt4: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />MEMORANDUM <br /> <br />Mayor and City C~ <br /> <br />Michele McPhersoiY,-Director of Planning <br /> <br />November 17, 2003 <br /> <br />Consider 2004 Park Dedication Fees <br /> <br />Item # <br /> <br />Attachments <br /> <br />· December 2002 Park Dedication Survey <br /> <br />The current fees are as follows: <br /> <br />Residential <br />Commercial <br />Industrial <br /> <br />$1,615 per dwelling unit <br />$3,000 per acre <br />$2,000 per acre <br /> <br />In recent years there has been no change to the commercial and industrial rates, however the <br />City has consistently increased the residential rate at 5 percent or slightly lower. An increase <br />of 5 percent in the residential rate would result in a rate of $1,695.75 per unit, an increase of <br />approximately $80.00. <br /> <br />Attached for your information is the 2002 park dedication survey that was completed on <br />behalf of the Minnesota Recreation and Parks Association. Staff contacted the cities of <br />Otsego, Ramsey, and St. Michael to determine what their current rates are: <br /> <br /> Otsego Ramsey St. Michael <br />Residential $2100/unit $1800/unit $2000/unit <br />Commercial $7000/§ross acre 5% fair market value $3000/acre <br />Industrial $3500/gross acre 5% fair market value $2000/acre <br /> <br />As you can see from the table, even with a five percent increase, the City's fee will remain <br />lower than it's neighboring communities. <br /> <br /> <br />